PRWCX vs. SPY
Compare and contrast key facts about T. Rowe Price Capital Appreciation Fund (PRWCX) and SPDR S&P 500 ETF (SPY).
PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWCX or SPY.
Correlation
The correlation between PRWCX and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRWCX vs. SPY - Performance Comparison
Key characteristics
PRWCX:
2.11
SPY:
2.20
PRWCX:
2.86
SPY:
2.92
PRWCX:
1.39
SPY:
1.41
PRWCX:
1.38
SPY:
3.35
PRWCX:
14.71
SPY:
14.01
PRWCX:
1.12%
SPY:
2.01%
PRWCX:
7.79%
SPY:
12.76%
PRWCX:
-45.33%
SPY:
-55.19%
PRWCX:
-0.11%
SPY:
-0.45%
Returns By Period
The year-to-date returns for both investments are quite close, with PRWCX having a 2.80% return and SPY slightly higher at 2.90%. Over the past 10 years, PRWCX has underperformed SPY with an annualized return of 5.53%, while SPY has yielded a comparatively higher 13.39% annualized return.
PRWCX
2.80%
2.15%
6.31%
15.51%
5.24%
5.53%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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PRWCX vs. SPY - Expense Ratio Comparison
PRWCX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PRWCX vs. SPY — Risk-Adjusted Performance Rank
PRWCX
SPY
PRWCX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Capital Appreciation Fund (PRWCX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PRWCX vs. SPY - Dividend Comparison
PRWCX's dividend yield for the trailing twelve months is around 2.26%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWCX T. Rowe Price Capital Appreciation Fund | 2.26% | 2.33% | 2.11% | 1.57% | 0.95% | 1.17% | 1.54% | 2.53% | 1.31% | 1.57% | 1.52% | 1.42% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PRWCX vs. SPY - Drawdown Comparison
The maximum PRWCX drawdown since its inception was -45.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRWCX and SPY. For additional features, visit the drawdowns tool.
Volatility
PRWCX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Capital Appreciation Fund (PRWCX) is 3.02%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.17%. This indicates that PRWCX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.